Zurich sweetens bid for speciality insurer Beazley to $10.2bn

Zurich Insurance Group has improved its buyout offer for rival Beazley, the UK-based speciality insurer, to $10.2bn (SFr8.06bn). Under the revised proposal, Beazley shareholders would be entitled to receive 1,280p in cash per Beazley share. This follows Zurich’s earlier bid on 4 January 2026, under which the Swiss insurer offered to buy 100% of Beazley for 1,230p per share. However, that offer was turned down on 16 January by Beazley’s board for “significantly” undervaluing the business. The latest of ...